Option 1
From the graph we can observe that the real GDP and nominal GDP is same in the year 2000, hence the price index was constant.
Spring 2020 Use the following graph to answer the next question Nominal GOP Read OOP Nominal...
40 Use the following table to answer the next question. GDP figures are in billions of dollars. Year Nominal GDP Real GDP Price Index 5,200 4,800 5,500 5 ,750 5,000 T -- 3 eBook What was real GDP in year 2? Print Multiple Choice 0 $4,820 billion 0 $4,875 billion 0 $4,911 billion 0 $5,320 billion
Use the following graph to answer the next question Price Level AD Real Domestic Output Assure the economy is initially located on ADO and ASO. An increase in the exchange rate and a decrease in worker productivity would result in price and real domestic output Muito Choice Multiple Choice OG, В оо Е: В
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
QUESTION 14 Nominal GDP Real GDP Time 0 Refer to the diagram. Which of the following statements is correct? as grown in this economy, but nominal GDP has not. Nominal GDP must be deflated in each year since 2000 to determine real GDiP Nominal GDP must be deflated in each year prior to 2000 to determine real GDP 2 O The price index is greater than 100 for every year shown on the graph.
Use the following graph to answer the next question. Price Level 2 0 1 Real Domestic Output, GDP Which line represents the long-run aggregate supply curve?
Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to: Select one: o a. -10% o b. 10% oc. 20% d. 9.1% e. 0% OOO
Question 48 (1 point) Use the following graph to answer the next question. AS, AS. (H Price Level E AD. 0 AD A B C Real Domestic Output Other things equal, a shift of the aggregate supply curve from ASo to AS1 might be caused by a(n) Other things equal, a shift of the aggregate supply curve from ASo to AS1 might be caused by an) OA) decrease in nominal wages B) increase in productivity C) decrease in aggregate demand...
Question 2 Use the following figures to answer the next question. A decline in aggregate expenditures from AEZ to AE, resulting from the real-balances, interest-rate, and foreign purchases effects would be depicted as a movement from A to C along aggregate demand curve AD1. movement from C to A along aggregate demand curve AD1.shift of aggregate demand from AD1 to AD3shift of aggregate demand from AD2 to AD1.Question 4 Use the following graph to answer the next question. If AD, shifts to AD2, the full multiplier...
Saved Perfect Comp Use the following graph to answer the next question MC ATC A B C K a To maximlze profits, the perfectly competitive firm should produce output at Multiple Choice B. C. Prev15 of 20 il
Help Sav Practice: Public Finance and Aggregate Demand an. 34 Use the following graph to answer the next question AS poinns AD Q02Q3 Real Domestic Output, GDP The short-run equilibrium for this economy is at < Prev 34 of 50 Score answer > Type here to search ace e https html ic Finance and Aggregate Demand an. Help Save & Exit Submit Multiple Choice point g none of these points point f < Prev 34 of 50 Score answer >...